Group Insurance-cum Saving Scheme
Group Insurance-cum Saving Scheme. The Scheme is applicable to the government as well as autonomous and corporate employee. It is a low cost and wholly contributory and self-financing scheme giving twin benefits;
(i) an insurance cover to help their families in the event of death of permanent total disablement while in service
(ii)
a lump sum payment of the the accumulated saving with interest to the employee or to their families on cessation of employment on account of retirement, resignation, death or permanent total disablement.
Grouping of member shall be as reflected below. However, the grouping shall be revised on the advice of the Royal Government of Bhutan upon revision of the scheme from time to time